Family Memorials Inc.

Family Memorials Inc.

August 14, 2007 18:39 ET

Family Memorials Inc.: News Release

THUNDER BAY, ONTARIO--(Marketwire - Aug. 14, 2007) - Family Memorials Inc. (TSX VENTURE:FAM) ("Family Memorials") has been requested by the Compliance & Disclosure Department of the TSX Venture Exchange to announce that one of Family Memorials directors, Robert F. Weicker, recently entered into a settlement with the BC Securities Commission regarding disclosure made in 2004 by Aberdene Mines Ltd., an OTC traded issuer unrelated to Family Memorials, of which he was formerly a director and officer.

Family Memorials understands that, as Aberdene's senior geologist and director, Mr. Weicker approved three news releases in June and July 2004 that contained misleading scientific and technical information about a mineral property held by Aberdene. The news releases made incorrect statements related to the economic viability of the property, failed to disclose that he had an interest in the property and relied on historical mineral resource estimates that failed to meet the requirements set out in NI 43-101 Standards of Disclosure for Mineral Projects. Under the settlement agreement, Mr. Weicker agreed to pay $30,000 to the BCSC and not to prepare or disseminate news releases containing scientific or technical information for any issuer for 12 months without supervision by a director or officer of the issuer.

Family Memorials "qualified person" under NI 43-101 is its President, Scott C. Kellaway, and it has other, previously existing, procedures that will ensure its compliance with the terms of the settlement.

About Family Memorials

Family Memorials Inc. is a monument company, carrying on the retail business of selling granite monuments for placement on individual cemetery lots. The Corporation carries on business through its wholly-owned subsidiaries Grajack Industries Ltd. in Belleville, Ontario; Somerville Memorials Ltd. in Calgary, Alberta; Verduyn Granite Ltd. in Peterborough, Ontario; Barber Monuments in St. Catharines, Ontario; and owns and operates memorials sales operations under the Family Memorials banner in Brandon, Manitoba; Regina, Saskatchewan; and Calgary, Alberta; and in Swan River, Manitoba through its exclusive agent, Heritage Memorial Gardens.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

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